Financial News: Czech Producer Price Inflation At 33-Month Low

Czech Producer Price Inflation At 33-Month Low

11/16/2023 - 05:21:00 (RTTNews)

(RTTNews) - The Czech Republic's industrial producer price inflation eased further in October to the lowest level in more than two-and-a-half years, figures from the Czech Statistical Office showed on Thursday.

The industrial producer price index edged up 0.2 percent year-on-year in October, slower than the 0.8 percent increase in September. Economists had expected inflation to ease somewhat to 0.6 percent.

Further, this was the slowest rate of increase since January 2021, when prices remained flat.

The annual price growth for mining and quarrying remained strong in October, though it eased to 40.2 percent from 42.5 percent.

Prices in the electricity, gas, steam, and air conditioning segments rose at a faster rate of 7.0 percent annually in October.

Excluding energy, industrial producer prices declined 0.8 percent versus a 0.2 percent fall a month ago.

On a monthly basis, producer prices dropped 0.1 percent in October, while prices were expected to increase by 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed Chair Jerome Powell Calls Rate Cut Speculation 'Premature' (36 min(s), 36 sec(s) ago)
(RTTNews) - While forecasts suggest the U.S. central bank could start cutting interest rates as so ...Full Story»

U.S. Construction Spending Climbs More Than Expected In October (44 min(s), 36 sec(s) ago)
(RTTNews) - Construction spending in the U.S. rose by more than expected in the month of October, ...Full Story»

U.S. Manufacturing Index Indicates Continued Contraction In November (33 min(s), 36 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Friday showing a continued co ...Full Story»

UK Manufacturing Downturn Eases In November (43 min(s), 36 sec(s) ago)
(RTTNews) - The downturn in British manufacturing activity softened in November as output and new ...Full Story»

Irish Economy Shrinks 1.9% In Q3, More Than Estimated (11 min(s), 36 sec(s) ago)
(RTTNews) - Ireland's economy contracted slightly more than initially estimated in the third ...Full Story»

Eurozone Factory Sector Downturn Slows (19 min(s), 24 sec(s) ago)
(RTTNews) - Euro area manufacturing sector remained in the contraction zone but deterioration in p ...Full Story»

Swiss Economy Recovers In Q3 (01 hr(s), 30 min(s), 24 sec(s) ago)
(RTTNews) - Switzerland's economy rebounded in the third quarter underpinned by exports and co ...Full Story»

Irish Manufacturing Activity Stabilizes In November (02 hr(s), 51 min(s), 24 sec(s) ago)
(RTTNews) - Ireland's manufacturing activity signaled a stabilization in November amid rises i ...Full Story»